Pegasystems Inc. (NASDAQ:PEGA) Director Richard H. Jones sold 1,200 shares of the stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $28.18, for a total value of $33,816.00. Following the transaction, the director now owns 616,260 shares of the company’s stock, valued at approximately $17,366,206.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Pegasystems Inc. (NASDAQ:PEGA) opened at 28.85 on Thursday. The firm has a 50 day moving average price of $26.31 and a 200 day moving average price of $26.37. The stock has a market cap of $2.20 billion, a PE ratio of 56.57 and a beta of 1.88. Pegasystems Inc. has a 12-month low of $20.38 and a 12-month high of $30.23.

Pegasystems (NASDAQ:PEGA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. The company earned $189 million during the quarter, compared to analysts’ expectations of $185.19 million. Pegasystems had a return on equity of 16.25% and a net margin of 5.44%. Pegasystems’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. On average, equities analysts expect that Pegasystems Inc. will post $0.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Thursday, September 29th. Pegasystems’s dividend payout ratio (DPR) is presently 24.00%.

A number of hedge funds have recently bought and sold shares of PEGA. Norges Bank purchased a new stake in Pegasystems during the fourth quarter worth approximately $11,989,000. TIAA CREF Investment Management LLC raised its stake in Pegasystems by 40.3% in the first quarter. TIAA CREF Investment Management LLC now owns 245,518 shares of the company’s stock valued at $6,231,000 after buying an additional 70,515 shares in the last quarter. Teachers Advisors Inc. raised its stake in Pegasystems by 2.0% in the first quarter. Teachers Advisors Inc. now owns 52,697 shares of the company’s stock valued at $1,337,000 after buying an additional 1,049 shares in the last quarter. Prudential Financial Inc. raised its stake in Pegasystems by 3.3% in the first quarter. Prudential Financial Inc. now owns 240,630 shares of the company’s stock valued at $6,107,000 after buying an additional 7,600 shares in the last quarter. Finally, Algert Global LLC bought a new stake in Pegasystems during the first quarter valued at about $244,000. Institutional investors own 41.74% of the company’s stock.

Several research analysts have commented on PEGA shares. Wedbush restated an “outperform” rating and issued a $32.00 target price on shares of Pegasystems in a research note on Tuesday. Zacks Investment Research upgraded Pegasystems from a “sell” rating to a “hold” rating in a research note on Saturday, September 17th. TheStreet downgraded Pegasystems from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, JMP Securities restated a “buy” rating on shares of Pegasystems in a research note on Wednesday, June 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $30.67.

Pegasystems Company Profile

Pegasystems Inc develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega 7 platform. Its software is designed to assist clients in building, deploying, and evolving enterprise applications.

5 Day Chart for NASDAQ:PEGA

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